FX

Gold price trades on a softer note near $2,385 on Monday.  The hawkish shift in market sentiment could dampen demand for yellow metal.  The rising conflict between Israel and Iran might lift the gold price.  Gold Price (XAU/USD) attracts some sellers around $2,385 on Monday during the early Asian trading hours. The hawkish comments by Federal

The daily RSI for the NZD/USD reveals growing selling pressure, nearing oversold conditions. The hourly indicators also remain weak. The pair will close a 0.80% losing week. The NZD/USD pair saw a 0.25% loss on Friday’s sessing and continues exhibiting a significant bearish tendency. Both short-term and long-term outlooks suggest the prevalence of sellers, which

DXY Index demonstrates slight losses yet sustains near early November highs. The downward movements may be seen as buyers running out of momentum. Hawkish bets on the Fed and a sour market mood may limit the losses. The US Dollar Index (DXY) is currently trading at 106.09, a mild loss from its recent peak of

Gold price trades close to $2,400 amid worsening geopolitical tensions. The US Dollar’s upside stalls as investors see other central banks postponing rate cut plans. US bond yields are down despite the Fed maintaining a hawkish stance. Gold price (XAU/USD) faces pressure to recapture new all-time highs around $2,430 in Friday’s early New York session. The

Federal Reserve Bank of Chicago President Austan Goolsbee argued on Friday that it would make sense to wait to get more clarity on the inflation outlook before taking a policy step. Key takeaways “Progress on US inflation has stalled.” “Fed’s current restrictive monetary policy is appropriate.” “Proper Fed policy going forward will depend on the

Oil turns red for this Friday with markets writing off Middle Eastern tensions during APAC session. WTI Oil prices retreat from $85.00, while Brent dips below $90. The US Dollar Index eases as well on a turnaround from safe haven inflows earlier on the back of headlines.  Oil prices are dropping lower with markets having

AUD/USD falls following hawkish signals from Fed officials, emphasizing no immediate rate cuts. US economic indicators strengthen, with the Philadelphia Fed Manufacturing Index hitting a new high since April 2022. Australian employment data disappoints, with job losses and a slight increase in the unemployment rate casting shadows over RBA forecasts. The Aussie Dollar is on

The Mexican Peso consolidates after strengthening temporarily on Banxico Heath’s comments.  USD/MXN forms a bullish Pennant price pattern on the 4-hour chart.  The economic growth outlook for Mexico gets downgraded.  The Mexican Peso (MXN) traces a flat line on most charts on Thursday, as traders digest the previous day’s gains prompted by comments from Banxico

Gold price drops from daily highs as better global risk sentiment diminishes safe-haven demand. A dip in US Treasury yields places additional pressure on the US Dollar amidst hawkish Fed remarks. Easing Middle East tensions sway Gold market, forthcoming US sanctions on Iran could influence future precious metal prices. Gold prices retreated from close to

EUR/USD recovers after the release of HICP inflation data for the Eurozone.  Speeches by several key ECB governing council members could also impact EUR/USD.  EUR/USD enters oversold levels on the daily chart, indicating risk of a pullback.  EUR/USD rebounds by about two-tenths of a percentage point into the mid 1.0600s on Wednesday after the release of the

National Security Advisor Jake Sullivan said in a statement late Tuesday that new sanctions targeting Iran and sanctions against entities supporting the Islamic Revolutionary Guard Corps and Iran’s Defense Ministry will be imposed in the coming days. It is expected that US allies and partners will soon follow with their sanctions, according to the statement. Sullivan further

 The US Dollar enters a fifth straight day of gains against most major peers.  Markets are awaiting a change in stance from Fed Chairman Powell on Tuesday. The US Dollar Index remains steady above 106.00 targeting now the 2023’s high.  The US Dollar Index (DXY) rallies forward as the King Dollar gains  ground against several

Gold prices surged over 1% as US Retail Sales data indicates sustained economic robustness. Escalating geopolitical tensions between Iran and Israel heighten demand for safe-haven assets, boosting Gold. Strong US economic figures aside, Gold gains from physical demand and its safe-haven appeal amid geopolitical uncertainty. Gold price climbed more than 1% in the mid-North American

NZD/USD consolidates amid heightened geopolitical tensions after Iranian attack on Israel. Technical analysis suggests a confirmation of a tepid momentum for the pair. The level of 0.5950 appears as the immediate barrier followed by the 23.6% Fibo level of 0.5996 and the psychological level of 0.6000. NZD/USD moves back and forth amid heightened geopolitical tensions

The geopolitical tensions between Israel and Iran intensified over the weekend, as Iran launched drones toward Israel late Saturday, the Israeli military announced. Citing the Islamic Revolutionary Guard Corps, Iran’s state-run media reported that dozens of drones had been fired in retaliation to the suspected Israeli attack on Iran’s consulate in Damascus on 1 April.

Gold reaches record $2,431, then pulls back amid stronger US Dollar and reduced inflation concerns. Geopolitical tensions between Iran-Israel spark market volatility, initially raising demand for safe havens. Fed officials’ comments boost the US Dollar, a headwind for Gold prices. Gold’s price fell during the North American session after refreshing all-time peaks during Friday’s session.

Silver pulls back sharply from its highest point since February 2021, suggesting the rally might be overextended. If it breaks below key supports at $28.28 and $28.00, further declines to $27.54 and $27.00 could occur. A recovery above $28.00 could reignite bullish sentiment, aiming for previous highs and resistances. Silver’s price tumbled on Friday’s session

WTI trades back above $85 after whipsawing around it this week. Oil price rises near 1% despite EIA calls for a negative outlook on Oil demand. The US Dollar Index surges close to 106.00 and sets forth a fresh five-month high. Oil prices are jumping higher again on Friday after the small 0.75% decline from